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RHT

Red Hat

$146.62

1.96 (1.35%)

, INTC

Intel

$47.73

1.93 (4.21%)

17:12
02/25/18
02/25
17:12
02/25/18
17:12

Cisco to form multi-vendor ecosystem to accelerate Open vRan solutions adoption

Cisco (CSCO) announces plans to form a multi-vendor ecosystem designed to accelerate the viability and adoption of Open vRAN solutions. Cisco is working with ecosystem vendors who have confirmed plans to join the initiative including Altiostar, Aricent, Intel (INTC), Mavenir, Phazr, Red Hat (RHT) and Tech Mahindra to spur rapid innovation in both hardware and software domains. Through this initiative, Cisco and the other ecosystem parties plan to focus on assembling viable solutions that build on an open and modular architecture, drawing from existing industry efforts and that will support a variety of use cases. The work of this ecosystem will be customer-driven, leveraging input from top worldwide operators such as Reliance Jio. Priorities include activities that simplify the transition to Open vRAN and software-defined mobile networks including: testing and integration, solutions validation, transport evolution, publishing performance benchmarks, running Proof of Concepts, coordinating roadmaps for end-to-end solutions, creating and validating network management templates, and more.

RHT

Red Hat

$146.62

1.96 (1.35%)

INTC

Intel

$47.73

1.93 (4.21%)

CSCO

Cisco

$44.00

1.06 (2.47%)

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RHT Red Hat
$146.62

1.96 (1.35%)

01/23/18
NOMU
01/23/18
INITIATION
Target $152
NOMU
Buy
Red Hat initiated with a Buy at Nomura Instinet
Nomura Instinet analyst Christopher Eberle started Red Hat with a Buy rating and $152 price target. The analyst believes Red Hat is one of the best-positioned infrastructure software companies. He sees tailwinds to revenue, earnings and cash flow for "several years to come."
01/23/18
NOMU
01/23/18
INITIATION
Target $152
NOMU
Buy
Red Hat initiated with a Buy at Nomura Instinet
Nomura initiated Red Hat with a Buy and $152 price target.
01/02/18
DBAB
01/02/18
NO CHANGE
Target $150
DBAB
Buy
Deutsche tells Red Hat investors to not overreact to Amazon linux launch
Amazon (AMZN) Web Services prior to the holidays announced the launch of Amazon Linux 2, a free and updated version of their Linux-based server operating system that competes with Red Hat (RHT), Microsoft (MSFT) and others, Deutsche Bank analyst Karl Keirstead tells investors in a research note. New features include longer-term support and faster boot times, but the most interesting attribute is the ability to deploy Amazon Linux on-premise on virtualized servers running VMware (VMW) or Microsoft hypervisors, Keirstead tells investors. He says that while added competition, especially from Amazon, "is hardly a good thing" for Red Hat, investors should not overreact to the news. The analyst notes the Amazon Linux 2 rollout will take time and that it may compete with free Ubuntu/CentOS more than Red Hat's paid RHEL. Amazon's move results "in only a modest dent to our bullish call on Red Hat shares," Keirstead writes. He keeps a Buy rating on the stock with a $150 price target.
12/20/17
FBCO
12/20/17
NO CHANGE
Target $120
FBCO
Neutral
Red Hat price target raised to $120 from $113 at Credit Suisse
Credit Suisse analyst B. Zelnick raised his price target for Red Hat to $120 from $113 following "solid" Q3 results. The analyst reiterates a Neutral rating on the shares.
INTC Intel
$47.73

1.93 (4.21%)

01/30/18
01/30/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. CVS Health (CVS) upgraded to Strong Buy from Buy at Needham by analyst Kevin Caliendo, who contended that the stock remains underowned and, unlike its peers, yet to rally beyond the expectations of benefits from the tax changes. The analyst says the company's multiple has remained constant despite the expansion in the rest of the pharma services industry, forecasting EPS growth of 8%-10% beyond the modeled $8 per share in 2019. 2. JetBlue (JBLU) upgraded to Overweight from Neutral at JPMorgan by analyst Jamie Bakier who said the company's costs are "gradually coming under control" and its balance sheet is "sound." The analyst also upgraded United Continental (UAL) to Overweight from Underweight, saying the shares are the "cheapest in the sector and among the most washed out, having declined the most from recent highs." 3. Gilead (GILD) upgraded to Buy from Neutral at Citi by analyst Robyn Karnauskas, who said that tax reform could lower the company's tax rate to 22% in 2018 versus prior estimates of 28%. The analyst also raised her nonalcoholic steatohepatitis and JAK-1 probability of success estimates to 50% with both Phase 3 trials expected in the next 12 months. Further, Karnauskas expects Gilead's hepatitis C virus business to stabilize by mid-2018. 4. Intel (INTC) upgraded to Buy from Neutral at Citi by analyst Christopher Danely, who said overly conservative guidance and poor sentiment from years of underperformance should drive estimates and the stock higher in the near term. He believes management's "new habit" of conservative guidance is good for the stock. 5. Albemarle (ALB) upgraded to Buy from Neutral at UBS by analyst John Roberts, who said the stock is down 23% from the November high despite no change to the outlook for lithium. The analyst attributes the pullback to larger scale lithium expansion announcements and raising concerns of potential oversupply. He believes the market is pricing in 10% annual realized price declines for Albemarle over the next few years. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/31/18
BARD
01/31/18
NO CHANGE
BARD
Baird checks show Apple will bring Qorvo in on super PAD
Baird analyst Tristan Gerra say his firm's recent industry checks support the belief Apple (AAPL) will dual source the super PAD in 2018 and bring Qorvo (QRVO) in. Shares of Qorvo are up 37c to $71.04 in midday trading. Apple will have 3.5GHz in the second half of 2018, offering more capacity and benefiting carriers, Gerra tells investors in a research note. He also believes Broadcom (AVGO) is working on custom 802-11.ax for Apple, with Qualcomm (QCOM) being one year behind on .ax. Gerra added that the checks indicate Intel's (INTC) 7560 modem sampling is on track.
02/12/18
SBSH
02/12/18
NO CHANGE
Target $58
SBSH
Buy
Citi sees negative datapoint for Intel, but keeps Buy rating
January notebook shipments decreased 27% month-over-month, below normal seasonality of down 22%, due to inventory digestion, Citi analyst Christopher Danely tells investors in a research note. He views this as a negative datapoint for Intel and the Semiconductor sector given the strength in the PC end market during 2017. The analyst notes that despite the poor January, his firm's Taiwan hardware analyst Carrie Liu expects Q1 shipments to decline 17% quarter-over-quarter, in line with seasonality. Danely keeps a Buy rating on Intel with a $58 price target.
02/21/18
COWN
02/21/18
NO CHANGE
Target $53
COWN
Outperform
Micron joint venture with Intel remains underappreciated, says Cowen
After conducting field work across the semi supply chain, Cowen analyst Karl Ackerman said he believes Micron's (MU) joint venture with Intel (INTC) remains underappreciated by investors. Ackerman reiterated his Outperform rating and $53 price target on Micron shares.
CSCO Cisco
$44.00

1.06 (2.47%)

02/16/18
MKMP
02/16/18
NO CHANGE
Target $285
MKMP
Neutral
Arista Networks price target raised to $285 from $190 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on Arista Networks (ANET) to $285, saying that while Q4 earnings beat consensus, the stock price fell on less than expected Cloud Titan sales. The analyst says that the vertical did not perform up to bull case expectations, with about 20% of workaround certifications slipping from Q4 to Q1 because of Cisco (CSCO) patent lawsuits. Longer term, Genovese keeps his Neutral rating on Arista Networks, saying the company is "fantastic" but its valuation is appropriate.
02/16/18
DADA
02/16/18
NO CHANGE
Target $300
DADA
Buy
Arista Networks price target raised to $300 from $224 at DA Davidson
DA Davidson analyst Mark Kelleher raised his price target on Arista Networks (ANET) to $300 after Q4 results, saying the company offers "good traction" in cloud data centers and an "unabated march" on Cisco (CSCO) market share through a "storm of patent litigation". Kelleher believes that Arista Networks can have "years of strong growth" and market share gains, having launched its new router products. The analyst keeps his Buy rating.
02/15/18
MKMP
02/15/18
NO CHANGE
Target $48
MKMP
Neutral
Cisco price target raised to $48 from $38 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on Cisco to $48 after its Q2 results, saying the company posted a clean beat with growth in all major reporting segments, including infrastructure. Genovese points to product order growth of 5%, up from 1% in the prior quarter, allowing for Q3 revenue growth outlook of 3%-5% that's above his view of 1.5%. The analyst keeps his Neutral rating on Cisco despite the good quarter, noting "weak secular Routing trends in the Service Provider market" and soft performance in "more sophisticated large Enterprise customer".
02/15/18
COWN
02/15/18
NO CHANGE
Target $51
COWN
Outperform
Cisco price target raised to $51 from $42 at Cowen
Cowen analyst Paul Silverstein raised his price target on Cisco to $51 from $42 as the Q2 results reinforced his investment thesis. He said the return to growth has arrived and was broad-based. Silverstein, who also called the company's stock buyback and increased dividend impressive, reiterated his Outperform rating on Cisco shares.

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iShares 20+ Year Treasury Bond Fund

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iShares 7-10 Year Treasury Bond ETF

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iShares 1-3 Year Treasury Bond

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XRX

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$25.10

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STON

StoneMor Partners

$3.61

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TEF

Telefonica

$8.70

0.07 (0.81%)

17:11
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Downgrade
Telefonica rating change at Goldman Sachs »

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SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

, USO

United States Oil Fund

$14.15

0.025 (0.18%)

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Euro Currency Trust

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Citizens Community Bancorp

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PKD

Parker Drilling

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RSLS

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BOX

Box

$26.13

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ALDX

Aldeyra

$7.95

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GLRE

Greenlight Capital Re

$14.00

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RVI

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LECO

Lincoln Electric

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KMX

CarMax

$77.15

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LOW

Lowe's

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16:30
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PFE

Pfizer

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JCP

J.C. Penney

$2.50

-0.065 (-2.53%)

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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ASFI

Asta Funding

$3.15

-0.1 (-3.08%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
07/20/18
07/20
16:17
07/20/18
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
07/20/18
07/20
16:16
07/20/18
16:16
Technical Analysis
NYSE market internals summary »

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